DTN Daily Basis Comments

Corn, All Wheat Moved to September

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 6 cents weaker at 5 cents over the September futures contract, while the DTN National Corn Index was down 12 cents at $7.49. The national average basis for soybeans was 2 cents stronger at 28 cents over the August futures contract while the DTN National Soybean Index was up 11 cents at $15.57. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 46 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 20 cents at $9.27. The national average basis for hard red spring (HRS) wheat was 1 cent stronger at 43 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 28 cents at $9.99.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $7.59 $0.10 $0.89 Sep $0.014
Soybeans: $15.86 $0.28 $0.29 Aug $0.012
SRW Wheat: $8.61 $0.18 -$0.75 Sep -$0.007
HRW Wheat: $9.39 $0.12 -$0.51 Sep $0.002
HRS Wheat: $9.94 -$0.05 -$0.46 Sep -$0.010

CORN:

The national average corn basis for Tuesday is 89 cents over the September futures, 1 cent stronger than Monday's basis.

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SOYBEANS:

The national average soybean basis for Tuesday is at 29 cents over the August futures, 2 cents stronger than Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday is at 75 cents under the September futures, 1 cent weaker than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday is at 51 cents under the Kansas City September futures, unchanged from Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is at 46 cents under the Minneapolis September futures, 1 cent weaker than Monday's basis

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
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